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Search Results 0 to 39 of about 40 (some duplicates have been removed)
CNBC
Dec 6, 2012 11:00pm EST
, we're most likely going to go over the fiscal cliff. something that could absolutely crush the consumer. all of which means it's a very confusing moment. we want to stick with best of breed that can come bouncing back whenever our leaders reach a deal. companies like ascena retail group, asna. the apparel artist formerly known as dress barn. we've been fans because they have a terrific model. own multiple niche brands, maurice's for 20-something women, dress barn, appeals to a more middle aged demo, and charming shops, giving them two successful plus-sized chains. i believe in this deal because they have a terrific record of making transitions work. the stock got slammed today, falling 4.3%. they delivered a four-cent earnings beat, revenues were in line, but still rose 48% year-over-year. and they reaffirmed their guidance for 2013, numbers slightly less than what some on wall street were expecting. what happened here, i think, is the stock ran 35% for the year. expectations got so elevated that for some, well, they say they were disappointed. let's talk to the president a
CSPAN
Dec 12, 2012 1:00am EST
this if it was not a mandate the people sent us to go do. >> something on all of our minds is the fiscal cliff. i would be remiss if i did not ask you both to weigh in on it in the following way. first, what is going on that we do not understand? number two, what should happen? number 3, what is the rsc going to do to help us get to that sector state, and what should happen? either of you want to chime in on that? >> first of all, if you look at where we are right now, and because of a number of reasons, a few of them going back to the last debt ceiling bill -- i did not vote for the budget control act, and because it did not address the real problem, and that is spending. if you look at the debate, it is mostly a debate about how much in taxes to raise, and the president keeps moving the goal post. he keeps adding more to it. he has an insatiable appetite to spend money and attack other people for it. we are not talking about addressing the real problem. i do not think anybody's taxes should go up. barack obama said three years ago, if you raise taxes in a bad economy, it will make things worse. we ar
CNN
Dec 10, 2012 6:00am PST
12% this year. so, what could go wrong? fiscal cliff. this is something weighing op consumer sentiment and we're starting to see it in the weekly -- look at this -- 39% said it would affect it some. they don't seem to have much faith in congress to fix it and any time except 11th hour and maybe a week into the new year and there's this payroll tax holiday that most people have been enjoying now for well over a year. almost two years now. it's about 20 for somebody who earns say $50,000, but they're getting extra because the payroll tax deduction has been changed a little. they're getting a break on that. but that goes away, people are going to have less money in their paycheck. i've been hearing from dwsh stating that theory re tayloi t they're concerned. a lot of people buy their holiday presents based on taxes and no one is really certain what is going on. >> yeah, absolutely. all right. christine romans for us this morning in new york. thank you, christine. >>> well, he is college football's most inspirational figure and his story is much different than most young men who
CSPAN
Dec 10, 2012 7:00am EST
. in gratitude, the government put me out of business. the fiscal cliff is something that we need to go over, that way we can enhance our military to special forces and get us some better weaponry. lose the people who are vacationing in all of these foreign countries, limiting the military to doing what it absolutely has to do. host: you are probably the fourth person here who has said we should go over the cliff. the headline from november in "the financial times" was that the fall in consumption would be $200 billion if we go over the cliff. that the u.s. consumer is crucial to growth, they went on to say, because it made up 70% of gdp. some are predicting a recession, a downgrade of our rating for the country. you think it would be ok to go over the cliff? caller: put it this way. only in the last 2000 years of human existence, every time a country goes above 20% tax rate, they failed. rome, babylon. go throughout human history. we are saying it is a 50% tax rate now. what about an 80% tax rate? we cannot survive as a government entity by having so many man hires attached to the host. hos
CSPAN
Dec 11, 2012 8:00pm EST
about something that is on everybody's mind, the fiscal cliff. oh my goodness, the fiscal cliff is now just -- wow, 20 days away. so what are we going to do? some have suggested that we really have to deal with entitlements. and i'm here to agree that we can and we should deal with entitlements. certainly two of those issues, which i really don't think we ought to call entitlements but are fundamental programs here in america for americans, should be dealt with. one that some people want to put on the table really doesn't deal with the deficit at all, and that's social security. so before we even get into this discussion tonight, let's just understand or anybody that cares to take on this issue that in dealing with the fiscal cliff, social security is not the problem. the deficit is not caused by social security. social security has never been and in its present form, will not be part of the deficit issue. it's separate and apart. it is a special program. has its own source of revenue. has its own trust fund and isn't running the deficit at all and has not run a deficit. so let's put s
CBS
Dec 10, 2012 7:00am PST
to support a compromise on the fiscal cliff. immelt knows about something about taking the heat. in our interview friday, he spoke at length about the consequences of not making a deal. and for those who say we can go over the fiscal cliff and it might not be such a bad thing, you say? >> i say there are people that don't have anybody that works for them. you know, in other words, we haven't been on this for two weeks or two days or two months. we've been working on this for 2 1/2 years. what happened in july of 2011 was ugly. i read stories now that say, you know, the president lost, or he shouldn't have done this. or speaker boehner did that. they both failed. you know, nobody won on that moment in time. it made us -- it hurt us inside and outside the country. so i would say that if this goes into next year, we ought to consider that failure. we ought to get these guys to do a deal that they know we can do and we've got to get them to do it now. and this is not just jeff immelt at ge speaking. this is really, i would say, the business community almost universally speaks with one voice
WETA
Dec 6, 2012 6:30pm EST
the fiscal cliff and delores wants your thoughts on where do you stand on this whole fiscal cliff, how will it play out. >> congress better get off its duff and do something. and i think that finally the pressure will be on us. but they always do it right to the last, you know, minute. but i think it's got to happen or they're going to be ousted from their hallowed political seats. >> tom: you could argue in the three years you've been away from the nbr anchor desk congress hasn't done a lot to address the fiscal situation. >> no it's just ridiculous. i mean these are our elected representatives and they have got to pay a little more attention to those that got them in the office. and they're arguing amongst themselves without much care about the people they represent. >> tom: a lot of those folks are retiree, we have a question from anita asking what is the investing or financial planning lesson paul use most during retirement? >> well, the number one is hope i can live my life to the last and still have enough capital to keep me going. and a lot of investors are running up against th
MSNBC
Dec 6, 2012 8:00am PST
,000, if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> and this ongoing political game of chicken is something one of the chairmen of the debt commission simply calls madness. >> when you have leaders of parties and people from the administration saying i think it will be to the advantage of the democrats to go off the cliff or i think it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. >> willing to go over the cliff, i guess they are but they also don't believe republicans are going to go over the cliff. >> he can win politically but the costs, doesn't you agree, would be tremendous not only to him but to the economy and to our country. >> and we want to bring in and say good morning to congresswoman diane black, a republican from tennessee, a member of the house budget and ways and means committee. con
CBS
Dec 6, 2012 7:00pm EST
off that fiscal cliff represents a disastrous failure of leadership at the top level and i think we need to demand better. >>> also speaking of something better we got this simple prescription from tony. after watching all the republicans and democrats cheering together at the last washington redskin game maybe rg3 should be asked to negotiate the fiscal cliff discussions. i'm just saying. i'm wishing it was so, tony, but i think managing those characters over on pennsylvania avenue might be too much even for our rookie phenom. i'd settle for him whooping the ravens gangnam style. i also want some e-mail. the address here mailbag@wusa9.com. that is our broadcast. i'll be right back here at 11:00 along with anita brikman and topper shutt and tonight we've got an emotional story about a woman who died during childbirth and how her best friend stepped up to raise her three children. don't forget, log on any time you like to www.wusa9.com. you have a great evening. we'll see you a bit later. bye bye. ♪ "e.t." >>> demi moore's wild night out caught on camera. >>> her bizarre behavior i
CSPAN
Dec 9, 2012 10:30am EST
tend to think of this medium and long term risk as the fiscal avalanche. the cliff is something we are approaching now and we can see where it is. we know will hit the cliff. the avalanche is different. the only thing you know about avalanches, you know when the conditions are present. you know when the snowpack has built up to the point where it could happen. you do not know when it is going to happen, you just know it is coming. once it hits you, the avalanche becomes completely impossible to control. do you agree with this characterization about the avalanche? could you elaborate about that kind of threat? >> would you mind if i steal that from you? i will give you credit. i think it is right. i do think -- that is why what you're doing now is so important. this is a once in a generation opportunity for you to nail these things down. we're not that far apart. i really do not think we are. if you are able to put us on a credible path to fiscal sustainability, do it in a balanced way, i think we are golden. i think we will avoid that avalanche. if we do not do that, ultimately, it
CSPAN
Dec 8, 2012 1:30pm EST
cliff." and you, and you slipped and said something else that you won't say, but i just wandered if anybody -- wondered if anybody caught it besides me. >> a lot of people did. [laughter] okay, if you do two shows a day, that's going to happen. and, by the way, i'm not even sure what i said. [laughter] but there are, there is two versions of it. [laughter] there's one that's profane, and then there's one that's really biological. [laughter] so we will just -- you know what? it was such an obvious slip of the tongue -- [laughter] this is the reagan library, people. [laughter] make me sick. [laughter] your minds. >> real quick, we'll go up here on the balcony. >> hi. i and my young boys are a big fan of yours. i have my 13 and 10-year-old watching you every day. >> oh, thanks. where are you? >> i'm up here. >> way -- [laughter] >> oh. great, where? oh. [laughter] >> actually, when i told them i was coming to see you, they wanted to come too. they're big fans. >> oh. so you put them in the closet? [laughter] i mean, that's perfectly fine. you're a terrible mother. [laughter] for com
FOX Business
Dec 6, 2012 7:00pm EST
and house speaker boehner are talking, but there is still no word of progress on the so-called fiscal cliff or the president's ultimatum. silence indicate a deal in the works or something too ugly for them to contemplate?@ we'll have the latest for you from the white house. white house correspondent ed henry here in just moments, but, first, the money line in hoping washington might get a deal done driving a modestly bullish mood on wall street at the end of the session. investors cheering news in a decline in jobless claims, and household wealth in the country grew by $1.7 trillion, to the highest level in five years, talk about a positive indicator for consumer purchasing. the dow jones industrial up 40 points, the s&p up five, and nasdaq rose 15.5 points. volume? a billion shares lighter than yesterday, but above the average of 3.1 billion trading on the board today. apple rebounded from yesterday's worst date performance in four years, a gain of $8.45 today with the ceo saying apple will move imac computer production to the country in the new year. garmin stock higher to replace rr donl
CSPAN
Dec 10, 2012 12:00pm EST
to think of this medium and long term risk as the fiscal avalanche. the cliff is something we are approaching now and we can see where it is. we know will hit the cliff. the avalanche is different. the only thing you know about avalanches, you know when the conditions are present. you know when the snowpack has built up to the point where it could happen. you do not know when it is going to happen, you just know it is coming. once it hits you, the avalanche becomes completely impossible to control. do you agree with this characterization about the avalanche? could you elaborate about that kind of threat? >> would you mind if i steal that from you? i will give you credit. i think it is right. i do think -- that is why what you're doing now is so important. this is a once in a generation opportunity for you to nail these things down. we're not that far apart. i really do not think we are. if you are able to put us on a credible path to fiscal sustainability, do it in a balanced way, i think we are golden. i think we will avoid that avalanche. if we do not do that, ultimately, it
NBC
Dec 7, 2012 6:00am EST
were affected one way or the other. businesses had to shut down. between the fiscal cliff and senate come when my has seen it up to 200,000 jobs added. instead we're looking at something more like 100,000 we think. not very good. >> tara mergener, thank you. you can apply for official federal assistance immediately. the deadline is this month for some workers. for more affirmation, call 288- 9050. >> 33 degrees at the airport. after some criticism, could apple be in sourcing its next big project? >> will you be putting fewer gifts under the christmas tree this year? >> a day that still lives in infamy. the anniversary of the attack on pearl harbor. >> scattered showers today. >> more and more motorists >> more and more motorists getting out on the area roads ♪ oh, what fun it is to ride... ♪ get in the holiday spirit with dunkin's peppermint mocha, new white chocolate, or gingerbread flavors today. america runs on dunkin'. >> we take a look outside. clatter skies. 42 degrees downtown. chillier when you get away from the airport. we have some rain fall approaching from the west. i
CBS
Dec 6, 2012 5:00pm EST
. >>> the fiscal cliff countdown clock keeps on ticking tonight with no deal in place. just 25 days remain until the country could be pushed over the edge. today in northern virginia president obama visited a middle class falls church family. he says people like the centanas could be hit hardest if congress doesn't extend middle class tax cuts. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> the president proposed a plan that members of his own party won't even vote for. >> now the president does want tax rates to go up on the wealthiest americans. republicans are standing behind their counteroffer to close tax loopholes and limit some deductions instead. they say the president needs to deliver a new plan that congress can pass. >>> let's take live look right now. this is the ellipse where we are just moment as way from the lighting of the national -- moments away from the lighting of the national christmas tree. erica grow has been out there all afternoon. p
CSPAN
Dec 12, 2012 7:00am EST
. is this something that can work out. like they did it wall street before the fiscal cliff hits? if we could rebuild when we're in such bad shape. host: thank you, judy. guest: repaying the money that was barred from social security. that money will be repaid unless congress does something different. think about the $2.7 trillion as spending authority for the social security administration. they can pay full benefits under the law. that money will be paid back over time unless congress changes something. putting more revenue money into social security, right now the appetite in congress is to cut spending. that might be a difficult sell. one reason the program is popular is it is self funded through payroll taxes. there's been a temporary cut in payroll taxes over the past two years. to change the funding of the nature could be done. advocates worry about the consequences of that and making it compete with other dollars with other government programs. congress doesn't touch it and still stays there. if it is competing for scarce dollars, it is more likely it will be cut. host: we saw a changeover a
MSNBC
Dec 6, 2012 4:00pm PST
's taking his fiscal cliff case on the road. you're watching "hardball," the place for politics. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or if you have any allergic react
MSNBC
Dec 5, 2012 6:00am PST
's something that won't happen. short term spending cuts should be part of any fiscal cliff deal. the big news this morning is we're not going over the cliff. they have a bad hand. they're going to end up passing this middle class tax thing if that's the only thing they do. and live to fight another day. you can see the momentum building. not official but you see it. the difficulty for boehner still is passing the extension may be best of the options it is an option that a chunk of his party has said he would reject. the fiscal conservatives criticizing boehner's budget pr proposal. then you had senate republicans watching their backs, rejecting a u.n. treaty that bans discrimination against those with disabilities around the world. senator jim demint said speaker boehner's $800 billion tax hike will destroy american jobs. yes, he said speaker boehner. one party proposes increase in an effort to counter them. the other party's leadership proposes, wait for it, $800 billion in tax increases and then former alaska governor sarah palin blasting boehner's decision to remove some conservatives from
CBS
Dec 5, 2012 6:30pm EST
the fiscal cliff unless republicans agree to tax increases. reports from major garrett and chip reid. elaine quijano on a new study that could lead to a major change in treatment for breast cancer. >> recurrence is something you live with for your entire life. >> pelley: a household name in computers is wanted in a murder investigation. bob orr reports he was tracked down by the technology he lived by. and we note two milestones: an eyewitness to this moment in history has died. then anthony mason will take five to remember dave brubeck, a giant of jazz. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening, they've never said it quite like this: the president's treasury secretary made it clear there is no room for compromise. republicans must accept an increase in tax rates for upper-income americans. negotiations on a budget deal haven't gone very far and there are just 27 days before that so-called fiscal cliff. that's the package of tax increases for most americans and budget cuts that will hit automatically unless the white house and congr
FOX News
Dec 8, 2012 3:00am PST
kids and the next generations. and on the right the road on the right is the fiscal cliff. really that the is choice if we don't do something about it we are going to go anyway. do you run over the kids with the car or do you take the other road which is not a good one but better than running over your kids fiscal cliff. it's a hard choice. >> but if we don't do it, if we don't go over the fiscal cliff the democrats will never cut a dime in spending. >> why would the democrats want change? if the bush tax cuts are going to expire they are saying this is great because this means the rich are going to pay more money, we are going to have more money to spend. they are already spending a the lo. they are saying why would we want change? this is great we have more money to spend. >> nancy pelosi saying why aren't we voting on middle class tax cuts? get to the other stuff. put this up for a vote: listen to nancy pelosi. we are not here to pass the middle income tax cut why are we here to not deat a time the middle income tax cut. could it be that the republicans are holding the middle i
FOX News
Dec 9, 2012 9:00am PST
, the house and the white house, we hope that negotiations continue over the fiscal cliff. i want to ask you about the idea being discussed that raising the debt ceiling could be something that would be taken out of congress's purview andessential, for the president alone to make that decision, what do you make of that? >> insofar as we for talking about legislation, politically that, idea has to be deads on arrival. i don't know why congress would part with this, given to congress. this is an unwise proposal and not one that i see getting any traction. >> do you think that it is a broader, sort of look at different moves we have seen by this administration, to essentially go around congress, whether it comes to regulations or treaties or things that, in some ways have limited or no congressional intercention -- intervention, big policy decisions that impact americans as a whole. >> if it's an instance of the president's go-it-alone policy without congressional authorization, constitutionally, he is on the weakest possible ground. there is nothings in the constitution that can be read to the
CSPAN
Dec 10, 2012 5:00pm EST
benefits in terms of the additional uneconomic. >> once you get to the fiscal cliff there is a clear innovation agenda. and the conditions we will have as a result of the fiscal cliffs did get out that. the first one will be immigration. we agreed and a lot of people say how are we going to compete with china and we can have the entire world at our disposal. under which the best people in the world can come to the u.s. and start businesses. >> then we have to focus on a special in the corporate tax reform to get the system which is simpler and promotes efficiency and these are for american businesses. then we have to and that will -- efficiency will be enormous. the next is an infrastructure investment to be made. in the context of the budget deal we are getting where we will spend less going forward. we have to think about what our values are and the most important things we can spend money are on infrastructure to make investments in the future rather than have short-term spending. and twin that with support for research, basic research and higher education and for education. if go
CSPAN
Dec 11, 2012 9:00am EST
: the republican leader. mr. mcconnell: with the fiscal cliff fast approaching, i feel the need to point out something this morning that's perfectly obvious to most americans but which democrats in washington still don't seem to grasp. i'm referring to the fact that any solution to our spending and debt problem has to involve cuts to out-of-control washington spending. i know that might sound obvious to most people but for all the president's talk about the need for a balanced approach, the truth is he and his democratic allies simply refused to be pinned down on any spending cuts. americans overwhelmingly support some level of cuts to government spending as part of a plan to cut the federal deficit. yet, the president will not commit to it. he refuses to lead on the issue. the president seems to think if all he talks about are taxes and that's all reporters write about, somehow the rest of us will magically forget that government spending is completely out of control and that he himself has been insisting on balance. a couple of weeks ago we saw his plan. after four straight trillion-dollar
CSPAN
Dec 5, 2012 7:00am EST
a 39.6%. that's the washington post this morning. below that, governors say the fiscal cliff would hurt their states' economies. several governors met at the white house yesterday and with political leaders to say something needs to be done or their economies and on the state level will be heard. -- be hurt. let's go to walter in new jersey, independent caller. good morning. caller: good morning. i don't know what's wrong with these people, because they have to come to some kind of agreement. the gop has to give ground, taxes wouldybody's go up just to save 2%. it just does not cut it. it is a bad move politically and bad for the country. host: polloi in johnsonville, virginia. -- floyd. caller: i was thinking about the fiscal cliff. i don't think that's the problem at. the problem is when we fell off the moral cliff. our president said gay marriage was ok. and america killing so many babies. side,e get back on god's everything else will take care of itself. that's the way it is. a guy said it seemed like christians are down and out. let me tell you, christians are the happiest people t
CSPAN
Dec 11, 2012 1:00pm EST
's on all of our minds here, the fiscal cliff. and i would be remiss if i didn't ask you both to weigh in on it. but in the following way, number one, what's going on that we don't understand? number two, what should happen? number three, what's the r.s.c. going to do to help us get to that better state of what should happen? either one of you wants to chime in on that one? >> first of all, you know, if you look at where we are right now, it's because of a number of reasons. jim touched on a few of them, going back to the debt ceiling deal. i did not vote for the budget control act. to me it didn't address the real problem and that's spending. if you look at the debate right now, it's mostly about the debate of how much faxes we need to raise. the president keeps adding more to it because he has an insatiablet appetite to add more. we are not addressing the real problem. i don't think anybody's taxes need to go up. you look at what barack obama said three years ago. if you raise taxes in a bad economy it will make things worse. we're still in a bad economy. why would we want to do thin
CNN
Dec 10, 2012 9:00am PST
of the campaign to reach out to the american people to make his case about the need to avoid going over the fiscal cliff and what his solution to that is. that would require that the top 2% of americans pay higher taxes. that is something he's been talking with republicans in congress about and believes is nonnegotiable. shaking hands there, and we're looking at the venue as well. that's where he's going to be speaking at the auto plant at the top of the hour. also saw the president last night at the christmas in washington charity concert in d.c. that event was hosted by conan o'brien and featured the legendary diana ross and psy, who was greeted by the president. the president did not attempt psy's signature dance, gangnam style. they were talking yesterday, but the president did suggest he thinks he can do it. he thinks he can do that dance. we're going to see if that actually ever happens. there was some controversy, however. psy apologizing on friday for anti-american rap performance he did eight years ago. it all seems to be patched up and worked out now. >>> also want to tell you about this
CSPAN
Dec 5, 2012 8:00pm EST
. it is not something still lingering in the senate. it is in the house. the issue of the fiscal cliff, what's it mean? it is probably the most known phrase in politics. they say, you have to wait for everything. people understand you have to do a piece of the puzzle. you can do it today. the opportunity to keep this economy moving, it has done very well the last few years. we always wait for the big deal and something never happens. this is a chance for the middle class tax cut. i would encourage every day, what is holding it out? -- it up? you will see yourself getting a tax cut for the remainder of next year if we just move them forward. again, it is finished of the senate side. >> i want to thank my colleagues for the leadership on the steering committee in this area. we have senator olympia snowe, bill kristol of the weekly standard, like simpson of idaho. david brooks. walter jones. the national review. we're here to say that passing the middle class tax cut is the right thing to do. you don't need to take our word for it. 2/3 of the american public agree with us. you don't need to take that wor
CSPAN
Dec 12, 2012 10:00am EST
. the speaker pro tempore: without objection, so ordered. >> thank you, mr. speaker. we're in this fiscal cliff talks and the president and the speaker are trying to work out a solution. and they're talking about tax raters in top 2%. mr. cohen: taxing their wealth. that's something they should do because it's fair and it gives the over 98% tax relief. but at the same time they're talking about increasing the medicare age from 65 to 67. and that's taxing the wealth of the less fortunate people who are 65 to 67. for them and for everybody, your health is your wealth. jimmy copeland a friend and semiphilosopher said that, your health is your wealth. if you raise the medicare age from 65 to 67, you're going to sacrifice the health of people who are not the most fortunate system of while we tax the income of the most wealthy, we'll be taxes what wealth theless wealthy have, their health. that's wrong. mr. president and mr. speaker should not increase that age and tax the poor. thank you, mr. speaker. the speaker pro tempore: for what purpose does the -- does the gentlelady from texas seek recogniti
CSPAN
Dec 7, 2012 9:00am EST
on the fiscal cliff, we cannot lose sight of their urgent priority of making sure we have job growth -- job creation, to say the least. many of the components you have outlined -- that both of you have -- it comprised of the broad description of the fiscal cliff whether it is the expiring tax cut provisions, the expiring tax cut extensions, and spending cuts as well. if you consider more, which of those would you consider having the biggest bang for the buck in terms of economic impact of those that we are discussing here today? >> it is a given that we will extend the current tax rates for taxpayers that make less than $250,000 on an annual basis. that is absolutely necessary. when you consider the other things that are happening -- in terms of the bang for the buck, the emergency unemployment insurance program is very effective. it is small in the grand scheme of things. cbo is estimating it would costs per calendar year about $33 million. but the economic opportunity for job growth compared to the unemployment rate would be measurably more than that. we are down to go to million people i
FOX News
Dec 9, 2012 3:00am PST
jerrick is here everyone, great to see you and we have been focusing on the fiscal cliff, and roll up the thing on the bottom of the screen, because 23 days left until the ticker goes. >> when you say jump, they say how high, now what i'm saying? you call for something and they say let's do it. >> they say we're going to do you one better, we're not going to put up the number, we're putting up the hours and minutes until it happens. >> alisyn: 23 days the point that clayton is trying to make. throw it out and obamacare, the new tenants of the president's-- >> i wasn't lying. >> alisyn: of the president's health care reform care flan in effect january 1st and let's break down some of the new costs that will be hitting some americans, investment income for households earning more than $250,000 will be taxed at 3.8% more, regular income above 200,000, a .9% medicare tax. >> clayton: the bottom line, the end of the day as these things go into effect. you're working just as hard. you work as hard as you are now, 40 hours 0 week or more, overtime and your check will be less, that's the bott
CSPAN
Dec 7, 2012 12:00pm EST
. >> lawmakers from both sides of the aisle met this week to unofficially discuss what is called the fiscal cliff. house budget committee ranking democrat chris van hollen, tennessee republican senator bob corker and other spoken of for him on the debt negotiations. the hour-long discussion was hosted by bloomberg government and the deloitte consulting company. >> good morning. i am the head of bloomberg government. thank you for joining us today and thank you to delayed for partnering with us at this event. plenary lunch limburg just over two years ago we had the aspiration of creating a one-stop shop with data, tools, news and proprietary knowledge to help government affairs, government professionals make better and faster decisions. we are a long way to succeeding in that but a big part of it is convening conversations on the big issues that face the nation today particularly at the intersection of business and government. today's discussion on the fiscal cliff clearly exceeds that far. we are honored to have such a thoughtful panel. senator mark warner, senator bob corker, congressman chris v
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